Entering the sports betting realm means that you are on your own way to encountering an endless series of different bets. The total number of bets available in the market, you may not even be able to think about the quantity that they come in. If you are a sports betting fan, can you name a few popular sports bets out there? Are you familiar with bets, in the sense have you placed them at least one time in your life?
Some people may have placed the different bets and some others may have heard the names of the different bets, but may not have placed all of them. This article is, however, about the different types of sports betting out there. However, it may not be possible to cover all the best in one single article, though, we will cover the most basic ones.
What are the different types of sports betting out there?
Parlay
You may have regard to this betting not only in the sportsbooks but also in the news and more. It is a kind of bet where you actually put more than one bet together. Parlay bets allow you to combine multiple bets together and place them as one single bet. A parlay bet can be explained more clearly using an example.
Let us look at soccer in this instance. For example, there is a soccer match about to take place between two teams. Typically, you may be betting on the team that is about to win. Some bets also allow you to predict the number of goals that the particular team may score. However, you can predict both in parlay bet and combine them together. That is, you can bet that Team ‘A’ will win the game and this team will score ‘x’ goals to win the game.
So, we did discuss the parlay bet including the fusion of more than one bet. In that case, what all bets are placed together in parlay bets? To know that you need to read further.
Moneyline
Moneyline betting is much simpler than parlay betting. It is one of those bets that you will get when you split up the combined bets in the parlay bets. To put it simply, moneyline betting is what lets you bet solely about the participant team that may win the match. As usual, you will have two teams facing each other in a particular match. You can pick to be on the side of one team. The sportsbook will provide the betting lines for both teams. To talk about it in the language of sports betting, one of the teams will be deemed as the favorite and the other team as the underdog. The catch in this is never to take the odds provided by the sportsbook too seriously. There are high chances that online casinos alter or handicap the odds the team has in reality.
If there is a huge difference in winning between the two teams, the bookmaker will alter the odds so that the bettor does not get the edge. That’s where you have to depend on your individual research skills.
Total
Total betting is one of the most popular types of betting out there. We bet that most of you have placed a total bet at least once in your betting career. The total bet is also referred to as the over/under bet. Let us look at what it means.
We already know that the sportsbooks will have predicted odds for each team of the game. However, It may not be real. What we see on the platform of an online sportsbook may be just some handicapped data by the oddsmaker. However, that may not be the real possibility that each of the teams has for winning.
Total betting is when you predict that the total score of the games will be different from the ones predicted by the sportsbook. For example, let us say ‘x’ is a sportsbook’s version of odds in a game. Here, let ‘x’ be the total number of goals or points that the winning team scores. You can bet that the real score by the team will do more than that of the prediction made by the sportsbooks. That is an over-the-bet. Which means that you are betting above the line by the casino. At the same time, you can also bet that the real outcome of the game will be much lower than what is predicted by the casein. It is called under the bet.
Point Spread
Point spread can be defined as a strategy by the sportsbooks so as to even the differences in winning odds between two teams. Online casinos use this to make sure that there is betting action on both of the teams. There arise cases in which one team has more odds of winning than the other. However, online casinos can just display that in their betting lines. If that is done, all the bettors will end up betting on the same team. The one with the more chances of winning and thereby the casino would have to pay the winner or everyone. Therefore, what the casinos typically do is to alter the odds of winning each team and present this adjusted data before the bettors. You may have seen the plus and minus signs placed before the bet in some games. Well, that’s all point spread.
Final Thoughts
These are the major types of bets that you may find in online casinos. It is sure that you will find all these bets in all sports casinos out there. Have you already placed any of these bets? We ho[e you were able to get a basic understanding of the game by reading this article. However, if you have any further doubts, please reach out to us via the below comment box.
Those who are proceeding to place the bets, make sure that you are participating in a legit casino, and you are betting only the amount that you can afford to lose.
Read More: How to Bet on the Olympics?
